@Mindy PerryYou need to report rental income regardless if you get a tax form or not.

You can get something that's turnkey or new construction at this price point, and most importantly, there's a strong tenant base ready to rent out these homes.

I do some meetups out in Mesa and if you have any RE questions on how to get going then just reach out!

You'll never get your best deal until you understand what the other side is dealing with. 

Now off to find a tax professional and get things in motion before it's too late.  

I have hot tubs in the majority of my STR that I manage and always request my clients to get them.

Are you able to get an extension on closing to support the timeframe of lender B?

If you expect to get every penny out of every deal you are going to be disappointed.

Good for you for getting ahead of the curve.

I appreciate any feedback.Regarding Insurance, personally I would never have someone else (A Lawyer) handle the insurance on a Sub 2 deal or any other real estate deal for me, you would be setting yourself up for failure.First of all now you would need to get a POA for the attorney from the seller, that may not be your best move.